SMMV
iShares MSCI USA Small-Cap Min Vol Factor ETF
The iShares Edge MSCI Min Vol USA Small-Cap ETF tracks an index of US-listed small capitalization stocks selected and weighted to create a low volatility portfolio, subject to constraints including sector exposure.
Fund Basics
Fund sponsor | BlackRock |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Sep 07, 2016 |
Assets (mns) | $911 |
Expense ratio | 20 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Multi-Factor |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
MURPHY USA, INC. | 1.6 % |
CHEMED CORP | 1.6 % |
LANDSTAR SYSTEM INC | 1.5 % |
OLD REPUBLIC INTL CORP | 1.5 % |
ROYAL GOLD INC | 1.3 % |
AGREE REALTY CORP | 1.3 % |
RLI CORP | 1.2 % |
EXELIXIS INC | 1.2 % |
SELECTIVE INSURANCE GROUP | 1.2 % |
DOLBY LABORATORIES INC-CL A | 1.2 % |
Constituent Breakdown
Number of holdings | 302 |
Herfindahl-Hirschman Index | 64 |
Wgt avg mkt cap (mns) | $4,811 |
Large cap (>$10bn) | 4.7% |
Mid cap ($2-10bn) | 75.3% |
Small cap (<$2bn) | 19.4% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 92.4 % | |
BERMUDA | 3.2 % | |
IRELAND | 1.3 % |
Historical Performance
Standardized Annual Returns (as of 02/29/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
0.0% | 2.2% | 1.3% | 1.6% | 3.9% | -- | 7.0% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.69 | 82% |
MSCI EAFE | 0.68 | 74% |
MSCI Emg Mkts | 0.44 | 33% |
Liquidity Measures
Avg. volume (000) | 241 |
Turnover | 1.0% |
Avg. Bid/Ask (% of price) | 0.11% |
ADV of underlying (mns) | $9,028 |
Technical Indicators
Recent close | $37.26 |
30d moving avg. | $34.20 |
Annualized volatility | 13.6% |
Relative strength (RSI) | 67 |
Short interest (ETF) | 0.1% |
Short interest (underlying) | 4.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. SMMV |
Expenses vs. SMMV |
ALTAR Score™ vs. SMMV |
---|---|---|---|---|
SIXL | ETC 6 Meridian Low Beta Equity ETF | 33.8% | +60 bp | +0.6% |
HSMV | First Trust Horizon Managed Volatility Small/Mid ETF | 33.8% | +60 bp | +1.8% |
XMLV | Invesco S&P MidCap Low Volatility ETF | 32.7% | +5 bp | +2.2% |
SMLV | SPDR SSGA US Small Cap Low Volatility Index ETF | 22.4% | -8 bp | +2.7% |
OUSM | ALPS O'Shares US Small-Cap Quality Dividend ETF | 22.0% | +28 bp | +0.9% |
FSMD | Fidelity Small-Mid Multifactor ETF | 21.7% | -5 bp | +2.9% |
ISMD | Inspire Small/Mid Cap ETF | 19.5% | +34 bp | +1.4% |
FLQS | Franklin U.S. Small Cap Multifactor Index ETF | 19.3% | +15 bp | +2.7% |
USVM | VictoryShares US Small Mid Cap Value Momentum ETF | 19.0% | +5 bp | +4.0% |
CSF | VictoryShares US Discovery Enhanced Volatility Wtd ETF | 18.8% | +22 bp | +2.8% |
Risk and Returns: SMMV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 3/27/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SMMV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
SMMV
4.4%
Cat. Avg
5.6%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 4.4% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 882 funds in the US Equities category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.7%. SMMV's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places SMMV in the 33rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SMMV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
SMMV | 20.0 | 10.8 | 30.8 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .